Memphis is joining the growing list of Amazon facility locations as the online retail giant continues to expand operations throughout the nation. Amazon’s presence in Memphis means an increase of 1500 jobs to Memphis and surrounding Shelby County. The economic and social impact will result in positive growth in the city for years to come—here’s why:
Two Memphis Locations
Amazon invested $70 million in construction of a new receives center and another $10 million in renovating an existing warehouse for a sortation center. The two centers perform separate functions:
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The receives center will employ 575 workers who will take in freight and repackage goods for shipment to Amazon fulfillment centers.
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Amazon describes sortation centers as “the intersection between transportation and logistics.” The sort centers serve as midway station between fulfillment centers and customers.
The Memphis receives center and the sortation center are approximately two miles apart. With a total investment of more than $80 million in both facilities, Amazon has demonstrated their commitment to a long presence in the city.
Jobs with Benefits
There are part-time and full-time positions available. Full-time employees receive health care benefits their very first day. Other benefits for full-time employees include up to 20 weeks paid parental leave and a 401 (k) savings plan. Amazon offers a Career Choice program for hourly employees. This program pre-pays 95 percent of tuition costs for employees pursuing courses for in-demand fields. This benefit applies regardless if the education and skills acquired are relevant to an Amazon career.
Amazon recently announced an increase of its U.S. minimum wage to $15 per hour. The new wage is set to go into effect November 1, 2018 and will apply to full-time, part-time, seasonal, and temporary employees.
Economic Impact
A large economic development project—like that of Amazon—strengthens community development. The generation of jobs and the overall investment of a large project generates financial prosperity for a region through economic spending and additional growth. Businesses are attracted to other businesses, and an employed community better supports needed services and programs—such as improvement to infrastructure and education.
Amazon’s presence in Memphis is a bright star for property investors. The company joins existing companies such as FedEx and Methodist Healthcare, two of the region’s largest employers. At Reedy & Company Realtors, LLC, we’re proud to welcome Amazon to Memphis, and we applaud their investment in our city. Economic development equals growth, making now a great time to invest in Memphis real estate.
Reedy & Company Realtors, LLC
With more than 38 years of experience, Reedy and Company Realtors, LLC provides professional property management and real estate services. Our team knows Memphis inside-and-out. We can show you the best properties for your business and once you become established, we can manage the property for you. No matter your location, you can trust that your investment property in Memphis is safe with us.
Discover what draws investors to our city by reaching out to us today. If you’re new to real estate investing, our friendly and experienced staff will guide you through the process. For established investors looking to expand their portfolio, we’re happy to show you the right properties for your time and money.
At Reedy and Company Realtors, LLC, we’re dedicated to balancing the needs of our tenants with the interest of our owners. As Memphis continues to see positive growth, we encourage you to call (901)842-0805 or contact us online to learn more about why Memphis is a great place for property investment.
Our offices are conveniently located on Summer Avenue in Memphis. Stop by, call, or contact us online to learn about available—and undervalued—properties just waiting for an investor.
